Tax rates are very high level, so you will want to adjust that as you pick a more specific location to model out.  

But to raise capital for a deal, especially if you are doing it publicly (outside of family and close friends), you can be marked as selling a security/investment.

I want long term wealth and need a network (and location!!) 

I am currently working on securing a deal for a 9 unit condo new construction building in the boston area.

But high level yes, that is how hard money mortgage loans are going to work - if theres a default --> the path proceeds toward a foreclosure since these loans are at their base secured by the real estate

It really depends on the exact location; if the MTR is closer to WEC/HITS, it may work out great.

My question is, do you recommend any strategies to help secure this property before it goes to auction, which is scheduled for a month from now? 

Location of the Property: Setting up an LLC in the state where you intend to invest may have certain benefits.

Most times, if an appraisal is required, the client pays for it at the time the appraisal is ordered on a credit or debit card (see if your company has a secure way of requesting this from them)That's really going to be it in most cases.   

The property is located in Bloomfield between children’s and west Penn.